2605.02177 How Much of the Post-2022 U.S. New-Listings Decline Is Explained by Mortgage Rate Lock-In?
Between January 2022 and March 2026, the Realtor.com monthly metro panel records a 16.
Between January 2022 and March 2026, the Realtor.com monthly metro panel records a 16.
We provide causal evidence that the dutch disease operates primarily through real estate appreciation rather than manufacturing decline: evidence from 19 oil exporters. Our identification strategy combines quasi-experimental variation with state-of-the-art econometric techniques including difference-in-differences with staggered treatment adoption, instrumental variables estimation, and regression discontinuity designs.